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Ministry of Finance refuses to finance import of liquefied gas

By Ahmed Tolba A meeting will be held in the coming days between officials from the ministries of Oil, Finance, and Electricity to agree on a solution to issues threatening the implementation of agreements to import liquefied natural gas in order to meet Egyptian power stations’ needs for fuel. An official from gas holding company …

Daily News Egypt

EGAS says it is owed EGP 16bn by industrial sector

Debts owed to Egyptian gas holding company EGAS for quantities of gas obtained by the industrial sector reached EGP 16bn by the end of July, according to a senior company official. Factories were notified in February that gas supplies will be cut in the event of non-payment of debts, but no significant measures have been …

Mohamed Adel

New chairman for EGAS

Reuters – Egypt has appointed Khaled Abdel Badie as chairman of state-run Egyptian Natural Gas Holding Company (EGAS), the oil ministry said on Wednesday, as the country grapples with a looming energy crunch. Badie, the vice-chairman of EGAS, replaces Taher Abdelrahman. The statement, which announced a number of changes in the leadership of state energy …

Daily News Egypt